The freehold going concern of the famous Paddington Ale House has come to market for the first time in four decades.
Placed on a high-profile corner in the town centre of Mount Hawthorn, opposite a Woolworths anchored shopping centre, the Ale House is a handsome two-storey structure built around 1932 in the Interwar style.
It resides on a large 1,266sqm block, with a 1,676sqm trading footprint licensed to hold 520 patrons.
It enjoys steady trade through bar, restaurant and alfresco dining and has been the recipient of several Awards from the AHA WA.
The Swanson Family has owned the freehold title for 40 years, but it has been leased out most of that time.
Former AHA President Neil Randall was the long-time operator of the acclaimed Paddo, but completed his tenure in 2018 and the Swansons resumed operations.
Sale of one of Perth’s best-known pubs, four kilometres from the CBD, comes as the Western Australian government announces its $185 million Reconnect WA package, expected to provide significant support to the state’s hotel and events industries.
“As WA open its borders it is essential that we re-establish relationships and seize new opportunities as quickly as possible, as we will be entering a hyper-competitive international tourism market,” says AHA WA CEO Bradley Woods.
Fielding offers in an uber-hot market, agents are not providing any price guidance on The Paddo.
“The family have been approached many times over the years and several times more recently to sell the asset, and decided it was best to take it the market,” explained CBRE’s Ryan McGinnity, marketing the pub in conjunction with colleague Aaron Desange.
The Paddington Ale House is being offered for sale on a WIWO basis via Offers to Purchase, closing Tuesday, 14 December.
